Paying cash up front is always better. The only time when leasing is an advantage is when you own a business, and the entire cost of the lease can be deducted from your taxes as a business expense.
keep in mind BALLON PAYMENT at the end and read the small print, most if you average over about 12000 miles a year they charge you from 25 cents a mile on up for excessive miles
If you can pay for it up front, do it. Dealing with these ***hole finance companies are AWFUL!! They are RUDE!!! My daughter is paying off her car from CHRYSLER and they start calling her two days before her payment is due. They call her everything from a bum to a lowlife. And her payment isn’t even DUE yet!! They tack on insane finance charges, balloon payments and their interest is through the roof. SO please… take my advice. First, DON’T buy a Chrysler! With all the crap she takes off those jerks at their finance office, the goddammed thing is in the shop at least once a week. And second, JUST PAY CASH!!!!!
It depends. If you really like driving a new car under warranty every 2 years or so, and if your mileage is either low or bought upfront, and if you tend to take nice care of your vehicles, a lease is a good idea-much better than taking out a 72 month loan and trading at the 3 year mark, which the average American does these days.
Reading your question, it sounds as though you have money available. If that is the case look at a SINGLE PAY lease. It will save you money in usage charges, banks love them ecause they have their money upfront, dealers love them b/c they know they will be getting a sweet trade in a few years, and customers love them b/c they get a new car every 2, always under warranty, keeping up with the latest technologies, and no worries.
Since you already have the cash to pay for the entire amount, why not just pay it off all at once? At least the car will be yours and you will have the title for it.
September 17th, 2008 at 5:12 pm
Paying cash up front is always better. The only time when leasing is an advantage is when you own a business, and the entire cost of the lease can be deducted from your taxes as a business expense.
September 18th, 2008 at 2:58 pm
keep in mind BALLON PAYMENT at the end and read the small print, most if you average over about 12000 miles a year they charge you from 25 cents a mile on up for excessive miles
September 21st, 2008 at 12:23 am
If you can pay for it up front, do it. Dealing with these ***hole finance companies are AWFUL!! They are RUDE!!! My daughter is paying off her car from CHRYSLER and they start calling her two days before her payment is due. They call her everything from a bum to a lowlife. And her payment isn’t even DUE yet!! They tack on insane finance charges, balloon payments and their interest is through the roof. SO please… take my advice. First, DON’T buy a Chrysler! With all the crap she takes off those jerks at their finance office, the goddammed thing is in the shop at least once a week. And second, JUST PAY CASH!!!!!
September 21st, 2008 at 9:53 pm
It depends. If you really like driving a new car under warranty every 2 years or so, and if your mileage is either low or bought upfront, and if you tend to take nice care of your vehicles, a lease is a good idea-much better than taking out a 72 month loan and trading at the 3 year mark, which the average American does these days.
Reading your question, it sounds as though you have money available. If that is the case look at a SINGLE PAY lease. It will save you money in usage charges, banks love them ecause they have their money upfront, dealers love them b/c they know they will be getting a sweet trade in a few years, and customers love them b/c they get a new car every 2, always under warranty, keeping up with the latest technologies, and no worries.
September 24th, 2008 at 9:05 pm
Since you already have the cash to pay for the entire amount, why not just pay it off all at once? At least the car will be yours and you will have the title for it.